Fidelity National Information Services (NYSE:FIS) Coverage Initiated at Compass Point

Analysts at Compass Point assumed coverage on shares of Fidelity National Information Services (NYSE:FIS) in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $126.00 price target on the information technology services provider’s stock. Compass Point’s price target suggests a potential upside of 46.95% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group increased their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Barclays lifted their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Susquehanna lifted their target price on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a report on Tuesday, November 5th. Finally, TD Cowen upped their price target on Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.50.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $85.75 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a market cap of $46.16 billion, a P/E ratio of 34.16, a PEG ratio of 0.73 and a beta of 1.06. The company has a 50-day moving average price of $86.92 and a 200 day moving average price of $80.50. Fidelity National Information Services has a 12-month low of $53.93 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. Sell-side analysts anticipate that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares in the company, valued at $917,535.25. The trade was a 6.41 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC boosted its stake in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at about $28,000. University of Texas Texas AM Investment Management Co. purchased a new position in Fidelity National Information Services during the 2nd quarter worth approximately $30,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services during the second quarter worth approximately $35,000. Finally, Family Firm Inc. purchased a new stake in Fidelity National Information Services in the second quarter valued at approximately $35,000. 96.23% of the stock is owned by hedge funds and other institutional investors.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.